At number 3853th in the list of Australian suburbs ordered by increase in median house value over the last year, Cammeray, 2062 is in the BOTTOM 10% with a property value increase of -8.56% recorded in median house prices.
Over the longer term, Cammeray has seen property prices show investors a 35.15% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Cammeray is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 32th in terms of most discounted suburbs in NSW
In the last year 51 properties changed hands in Cammeray, which puts it as the 621th most active market in NSW when comparing the number of sales per suburb.
A $1300 per week rent on the median house gives suburb investors a gross yield of circa 2.94%, without taking into account capital value appreciation, which has been averaging out at 5.88%.
With a capital gain of 14.29% for the last 12 months, Cammeray, 2062 has performed for property investments than its average annual 8.17% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cammeray has increased when compared to the 5 year average annual rate.
At number 102th of NSW’s most discounted properties, Cammeray is in the bottom 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 10.33 sales per month, which equates to 124 per year.
Cammeray is 555th on a list of best yielding suburbs for rents in NSW with a 2.71% return
A suburb with a premium location just 5km from the Sydney CBD, Cammeray is experiencing rising unit stock, as the number of apartments listed increased from only 6 to 20 over the past 12 months leading up to November 2017Full summary
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Units dominate the market
Median unit price: $1,058,750
Stock on market: 115.4%
12-month growth: 18.3%
A suburb with a premium location just 5km from the Sydney CBD, Cammeray is experiencing rising unit stock, as the number of apartments listed increased from only 6 to 20 over the past 12 months leading up to November 2017.
The suburb overlooks the water, and is well-stocked with sought-after amenities including restaurants, cafes and a couple of shopping hubs, namely Green Park and Stockland Cammeray. The latter is home to the Harris Farm Markets. There are also several schools here, including Cammeray Public School and Anzac Park Public School, both of which offer primary education. Cammeray Children’s Centre acts as preschool and a childcare centre.
Cammeray is highly accessible thanks in part to the Long Gully Bridge, which links to suburbs in the north.Close